HomeMy WebLinkAboutTIF Minutes 6-16 /
Downtown Tax Increment Finance
Board Meeting Minutes
June 14, 2016
Attending: Bob Hietala, Vonda Laird, Bob Lashaway, Jeff Krauss, Chris Naumann
Absent: Bobby Bear, Shannon Haish, Bill Stoddart
Public Comments: None
Disclosure: None
Minutes
ACTION: Bob
Hietala moved to approve the May minutes as presented.
Bob Lashaway seconded the motion.
All voted in favor.
Financial Report
Chris presented the finance report as of June 14, 2016.
Income figures remained the same with a Y-T-D total of $2,533,356.
The most recent expenses included: approximately $9,400 for fiber network design; $7,500 for a technical assistance
grant; and $6,600 on the Mendenhall preliminary streetscape design.
The board had no other questions regarding the finance report.
Executive Director’s Report
Technical Assistance Program
Update—NO CHANGES
Four grants have been awarded in FY2016—shown at the bottom of the chart. The chart also lists uncompleted grants that were awarded in FY2015. Keep in mind that the
committed grant amounts are only tentative since the actual reimbursement amount will be determined as a one to one match upon completion of the grant work. As a reminder, the Planning
grants have a $7500 cap and the Façade grants are capped at $3000. Bold listings indicate completed.
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Downtown Fiber Network Project Update
Two construction bids were received for
the installation of the fiber conduit within the Downtown and North 7th urban renewal districts. Saunders Line Construction is currently installing all the underground conduit down Babcock,
through the Library property, across Main, and then down Mendenhall. Other sections are being bored along Church and 5th Avenues. At the same time aerial fiber is being strung down both
alleys on either side of Main and a third run down the alley north of Mendenhall. The downtown work is scheduled to be completed by the end of June.
Building Project Updates
Lark Addition
(corner of Grand and Main) 4 story building with 28 new Lark hotel rooms. Passed through DRC and DRB. CC Final Site Plan was recently approved by the CC.
5 West Building (northwest
corner of Mendenhall and Tracy) Construction began on Friday October 2, 2016. Scheduled to open in Jan/Feb 2017.
Etha Hotel (old Armory building) the project is beginning limited work
on this week.
Willson Residences (old East Willson School) being redeveloped into 18 residential units with underground parking. Partial completion scheduled for Summer 2016.
NeBo (400
block of East Mendenhall) 2 buildings, four floors each. 12 residential units each with 2-car garage. Expected completion 4th quarter 2016.
Rialto Theater Application to redevelop the
Rialto has been reviewed by the DRC. Next steps include submitting FSP and Building Permit.
New Businesses Update
Bozeman Taproom—Mendenhall/Rouse…Service Elec (north) opening in June
Union
Market— Mendenhall/Rouse…Service Elec (south) opening date unknown.
Spice and Tea Shop—Stylon
Jam Fusion Restaurant—Universal Athletics
Delicious Bakery—Downtowner (third down from
Babcock corner) now open.
Berkshire Hathaway Real Estate—Downtowner (nearest Babcock corner) now open
Finn Restaurant—closed…new Mexican bar and restaurant opening this summer
Squire
House—Element Hotel restaurant has a new proprietor
Planning Updates
In this section I will provide update about several important City planning processes.
Transportation Master Plan
www.bozemantmp.com
Consultants: Peccia & Associates (Helena), Alta Planning (Bozeman)
Timeline: September 2015 (kickoff) through September 2016 (adoption)
Update: Draft plan available
in July 2016
UDC Revisions http://bozeman.net/Projects/UDCCodeupdate/Home
Consultants: Makers (Seattle), Leland Group (Portland), Studio Cascade (Spokane)
Timeline: September 2015
(kickoff) through February 2017 (adoption)
City Vision & Strategic Plan
Consultants: HDR
Timeline: March 2016 (kickoff) through October 2016
Comprehensive Parking Plan
Consultants:
Rick Williams Consulting (Portland)
Timeline: September 2015 (kickoff) through July 2016 (adoption)
Draft Plan released May 2016
http://www.bozeman.net/Smarty/media/Parking_Media/Reports/Bozemand-Par
king-Management-Plan-Combined-Final-Report.pdf
Neighborhood Conservation Overlay District Analysis
Consultants: KLJ/ArchTrio
Timeline: Final report released December 18, 2016
http://www.bozeman.net
/CMSPages/GetFile.aspx?nodeguid=39bede2f-b3ab-4c6c-a7c3-f2d4696e4ecb&lang=en-US
2017 Downtown Improvement Plan
Consultants: yet to be determined
Timeline: yet to be determined…RFP summer
2016
2017 Community Plan (City Growth Policy) Update
Timeline: October 2016 through late 2017
Discussion and Decision Items
BSD7-TIF Discussion with Steve Johnson, Deputy Superintendent
of Operations, BSD7
Steve informed the board that the 2015 legislature passed a law changing how money reverted to a school district can be utilized. The first option is that reverted
funds can be applied to the district’s 10% general fund reserve. The only other option is for reverted funds to be used to lower the tax mils covering bond debt. In either case, the
funds being reverted to BSD7 from the Downtown TIF per the Interlocal Agreement can no longer be used for capital improvement projects.
Steve asked if the TIF Board would be interested
in retaining any reversion funds above and beyond the amount needed for the 10% general fund reserve. In turn, any reversion funds retained by the TIF would be dedicated to improvement
projects at Hawthorne Elementary or Willson School.
The TIF Board expressed support for this partnership concept. They asked if the Interlocal Agreement would need to be revised. The
ensuing discussion yielded the option of establishing an MOU between the City, TIF Board and BSD7 establishing how the reversion funds would be dispersed, retained, and subsequently
invested. All agreed this would be the best way to ratify the agreement.
Chris Naumann and Steve Johnson will work with the City to draft the MOU and bring that document back to the
TIF Board for a more formal consideration.
Board Member Update
Chris informed the board that the following individuals had applied for board terms: Vonda, Bob Hietala, Bill Stoddart,
and Jason Parks. He said he will work with the City Clerk to get the appointments on an upcoming Commission agenda.
Parking Plan Update
Chris gave a brief overview of the three public
meetings held on June 8th and 9th. He said certain revisions were going to be made as a result of the public comment received. He said the Parking Commission was planning to consider
the final plan for adoption on July 14th.
Vonda Laird said she thought that a policy needs to be developed to control construction worker parking. Everyone agreed. Chris remembered
Rick Williams said Bend OR has such a policy, so he will reach out to Bend for their insights.
Meeting was adjourned at 1:10pm